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Saab seeks court protection from creditors
Wed, 07 Sep 2011Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.
Range Rover Hybrids reach midpoint of Silk Trail route to Mumbai
Fri, 20 Sep 2013While cars from other automakers were basking on the soft carpets at the Frankfurt motor show, with fingerprints being wiped almost hourly from their glistening paint jobs, a trio of Range Rover Hybrid prototypes were taking the long way to Mumbai. And not just the long way, but the tough way. Twenty-two days after departing Land Rover's home in Solihull, England, a team of Range Rovers has reached the midpoint of their journey along one of the historic Silk Trail routes to Mumbai, India.
Customers less satisfied with run-flat, low-rolling resistance tires
Mon, 01 Apr 2013In non-April Fool's news, customers who buy cars shod with run-flat tires are nearly twice as likely to have to replace them as people with more conventional tires, according to a J.D. Power and Associates study. The poll also found that customers are also less satisfied with low-rolling resistance tires.




